Simon Cowell makes it into top 10 wealthiest music millionaires while Adele tops young musicians

Simon Cowell has been named the eighth wealthiest music millionaire in Britain and Ireland by this year”s The Sunday Times Rich List, due to be published on Sunday.

Thanks to his contracts for ITV”s X Factor and Britain”s Got Talent, the music mogul”s wealth has increased by £50million in the last year, now making him worth a whopping £300m.

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Former Take That singer Gary Barlow, who has also sat on the X Factor“s judging panel, has also increased his worth. In 2009 the singer boasted funds of £30million, while this year his personal fortune has reached a high of £65million – no deductions have been made for the recent court ruling on tax avoidance for which the pop star has recently come under fire.

At 26 years old, Oscar-winning singer Adele topped the list of young musicians, aged 30 and under, with a £45million fortune.

Adele topped the list of young musicians with her £45million wealth

The Skyfall singer, who is set to launch her third album later this year called 25, has been saving plenty as a new mum and has doubled her previous bank balance by a rather healthy £15million.

According to Rich List, Adele is followed by the highest new entry to the young musicians list, Scottish hit-maker and DJ, Calvin Harris.

1D are the richest boy band in history from Britain and Ireland, according to the list

In third place is another face from The X Factor judging panel, Cheryl Cole, who is just ahead of the One Direction heartthrobs, Niall Horan, Zayn Malik, Liam Payne, Harry Styles and Louis Tomlinson.

The five-piece boy band are each worth £14million and have a combined wealth of no less than £70million – making 1D the richest boy band in history from Britain and Ireland.